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RNS Number : 5388Z
ValiRx PLC
15 March 2017
 

 

 

ValiRx Plc

("ValiRx" or "the Company")

PDMR / Director Dealing

 

London, UK., 15 March 2017: ValiRx Plc (AIM: VAL), a clinical stage biotechnology company, announces that it has received the following notifications from PDMRs of dealings in the Company's shares, all of which related to the issue of shares announced on 2 March 2017 for which Admission to trading on AIM occurred on 15 March 2017. 

 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Satu Vainikka

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ValiRx Plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument




Identification code

GB00BWWYSP41






b)

Nature of the transactions

Issue of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


2.50 p

400,000


d)

Aggregated information


-     Aggregated volume

400,000

-     Price

2.50 p

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

George Morris

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ValiRx Plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument




Identification code

GB00BWWYSP41






b)

Nature of the transactions

Issue of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


2.50 p

400,000


d)

Aggregated information


-     Aggregated volume

400,000

-     Price

2.50 p

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Gerry Desler

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ValiRx Plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument




Identification code

GB00BWWYSP41






b)

Nature of the transactions

Issue of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


2.50 p

400,000


d)

Aggregated information


-     Aggregated volume

400,000

-     Price

2.50 p

e)

Date of the transaction

15 March 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

 

*** ENDS ***

 

 

For more information, please contact:

 

ValiRx plc

Tel: +44 (0) 20 3008 4416

www.valirx.com

Dr Satu Vainikka, Chief Executive

Tel: +44 (0) 20 3008 4416

Tarquin Edwards, Head of Communications.

Tel: +44 (0) 7879 458 364

tarquin.edwards@valirx.com

Mark Treharne, Corporate Development Manager

Tel: +44 (0) 7736 564 686

mark.treharne@valirx.com

Cairn Financial Advisers LLP (Nominated Adviser)

Tel: +44 (0) 20 7213 0880

Liam Murray / Jo Turner




Beaufort Securities Limited (Joint Broker)

Tel: +44 (0) 207 382 8300

Jon Belliss




 

Notes for Editors

 

About ValiSeek

ValiSeek Limited ("ValiSeek") is a joint venture ("JV") company between ValiRx Plc and Tangent Reprofiling Limited, part of the SEEK Group. ValiSeek was formed to progress the drug VAL401 through its remaining preclinical development and towards Phase II trials for the treatment of lung cancer and other oncology indications.

 

About ValiRx

ValiRx is a biotechnology oncology focused company specialising in developing novel treatments for cancer and associated biomarkers.  It aims to make a significant contribution in "precision" medicine and science, namely to engineer a breakthrough into human health and well-being, through the early detection of cancer and its therapeutic intervention.

 

The Company's business model focuses on out-licensing therapeutic candidates early in the development process. By aiming for early-stage value creation, the company reduces risk considerably while increasing the potential for realising value. The group is already in licensing discussions with major players in the oncology field.

 

ValiRx's two classes of drugs in development, which each have the potential for meeting hitherto unmet medical needs by existing methods, have worldwide patent filings and agreed commercial rights.   They originate or derive from Word class institutions, such as Cancer Research UK and Imperial College. 

 

Until recently, cancer treatments relied on non-specific agents, such as chemotherapy.  With the development of target-based agents, primed to attack cancer cells only, less toxic and more effective treatments are now possible. New drugs in this group-such as those in ValiRx's pipeline-promise to greatly improve outcomes for cancer patients.

 

The Company listed on the AIM Market of the London Stock Exchange in October 2006 and trades under the ticker symbol: VAL.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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